Baidu Now Accepting Bitcoin Payments For Security Purposes

Chinese internet search giant and platform developer Baidu is now accepting Bitcoin payments. The “Google of China” offers Jiasule, it’s anti-DDoS platform and firewall security product, via Bitcoin payments. Bitcoin needed a big win after the US government shut down drug distributor Silk Road and seized 5% of all Bitcoins in circulation. Following the Silk Road closure, Bitcoin prices stumbled, only to reach a five-month high in October. The backing of a real internet giant should help Bitcoin further place itself as a serious international currency which operates outside of normal conventions. Baidu is the fifth most-visited website in the world and the top destination for people living in China. In an email to Mashable, John Matonis, executive director of the Bitcoin Foundation said: “This is encouraging news, even more so since it is from China and with a NASDAQ-listed...